Tidewater places PSV quartet with Drydocks World

The delivery of these 3,200 dwt UT 755CDL designed PSVs is estimated to begin in April 2012 and conclude in late 2012. The contract price of the four vessels totals approximately $100 million, exclusive of some owner-supplied equipment. The agreement with Drydocks World also provides options, at Tidewater’s discretion, for the construction of up to four additional vessels of similar specifications and at similar pricing.

Tidewater Inc. owns 396 vessels, the world’s largest fleet of vessels serving the global offshore energy industry.